Paragon and GIMV sell WEMAS to Japanese Sekisui Jushi Corp.

WEMAS (www.wemas.de) was established in 1971 and has grown into a full-range supplier of certified passive traffic safety products. The company is based in Gütersloh and employs more than 130 employees at two sites in Germany.

Under Paragon’s and Gimv’s ownership, WEMAS has strengthened its market leading position in traffic safety technology by making significant investments in product innovation, production automation and capacity expansion. As a result, the company has been able to launch new products and broaden its customer base, allowing it to accelerate growth both in Germany and abroad.

Maja Markovic and Ruben Monballieu, both Partner Sustainable Cities at Gimv, say: “WEMAS is a European market leader with an innovative product range and state-of-the-art production in Germany. We are proud of the company’s international growth during our holding period.”

Dr. Edin Hadzic, Founding Partner at Paragon, adds: “We would like to thank the management team at WEMAS for their commitment and drive in executing this successful growth story.”

Dirk Gößling, CEO at WEMAS, concludes: “The management team is looking forward to continuing to offer innovative and market-leading solutions to our customers. In doing so, we will benefit from the complementary expertise and geographic presence of our new owner SJC.”

Paragon and Gimv were supported throughout the transaction by William Blair (M&A), Alvarez & Marsal (financial), KPMG (tax) and Reed Smith (legal).

About Paragon Partners
Founded in 2004, Paragon is one of the leading private holding companies in the DACH region. Paragon works closely with its portfolio companies to achieve sustainable growth and operational excellence. Paragon’s portfolio covers various industries and currently consists of 14 companies. The firm is headquartered in Munich, Germany, and has more than EUR 2.4 billion of equity under management. For more information about the firm, please visit www.paragon.de/en.